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Dear Bargain Hunters, We Found 10 Hot Homes Under $100K (realtor.com)

by JoAnn Gadkowski Team

Do you feel like the time for fantastic, once-in-a-lifetime real estate deals has passed you by?

 

Well, we went to our mortgage calculator and ran the numbers—and you’re in luck!

If you put 20% down ($13,980) on a $69,900 house in Milwaukee, your monthly payment on a 30-year fixed-rate (3.86%) mortgage would be $392. No, that’s not a typo. It could be less than $400 a month to own your own home in Brew City.

But w-w-wait, you stammer. That house doesn’t exist.

Oh, but it does!

It’s just one of the 10 homes we picked that are priced under $100,000. All are currently for sale. They just need a bargain hunter with a sharp eye (such as yourself) to come to their rescue.

The dream of homeownership is eminently attainable—you just have to know where to look. Here are 10 spots to start…

1. 6917 W Sheridan Ave, Milwaukee, WI

Price: $69,900

Economical esteem: “The beautiful landscaping and scenic backyard are perfect for relaxing and entertaining.”

Read more, click here

And click here to read more about Buyer Finance

About The Peak Producers in Colorado Springs- Pikes Peaks Top Real Estate Agents

by JoAnn Gadkowski Team

JoAnn Gadkowski is a proud member of Peak Producers. So what is a Peak Producer?

(From thepeakproducers.com, see full website here)


The Peak Producers are .... 

 

Top producing Real Estate professionals, collectively inspiring and enhancing the Pikes Peak Region by giving back to the community.

Origin of the Peak Producers
In 2009 Empire Title of Colorado Springs brought a group of top producing real estate agents together in an effort to benefit the industry and community.  Round table discussions were held with real estate agents and employing brokers to get a vision of what the group would become.  After several round table discussions, "Peak Producers" was formed.

The Peak Producers is made up of the top ten percent of all real estate agents in the Pikes Peak Region. Our group wanted to promote professionalism within the industry, but more importantly, to support and give back to the community as well as endorse local charities.  Factors which influenced these decisions included helping the homeless, cleaning up the tent cities, and filling short-falls where local government couldn’t. 

The charity chosen in our inaugural year of 2010 was "Keep Colorado Springs Beautiful", which is tied to the Marian House and other organizations that help the homeless.  Keep Colorado Beautiful was responsible for the cleaning and relocation of tent cities throughout Colorado Springs, in addition to cleaning up intersections, parks, and roads.  More than simply donating funds, the members of the Peak Producers contributed countless hours of their time and energy to improve the community, including hands-on volunteerism in physically cleaning roadway medians and shoulders.

In 2011, Peak Producers excitedly pledged its support to Catholic Charities and the Marian House by personally sponsoring two local families. We experienced such great success helping these families - one a single mother of two daughters, the other a couple with nine children - we proudly lent our energy and enthusiasm to Marian House and Catholic Charities over the next three years.  In our current year, the membership has decided to devote our efforts to assisting the non-profit organization Partners In Housing – and we are extremely excited about the possibilities that our support could bring.


Membership Criteria for The Peak Producers

Peak Producers is not just a name -- it represents the core values we strive to have in our members, our organization and our impact on the real estate community.  Simply put, we want to work with the best, in the best way possible, to achieve the best results.  The members who have joined Peak Producers have all met very specific professional and performance criteria:

Membership in the Pikes Peak Association of Realtors

Outstanding volume of listing/sales units  (Top 10 % minimum)

Strong motivation to support charitable activities that give back to the Pikes Peak community

A willingness and desire to share their networking skills, experience, and Real Estate knowledge to raise the level of professionalism within the Pikes Peak Association of Realtors.

There’s a fascinating blend of high and low in this week’s most-clicked homes on realtor.com®.

 

First, let’s set aside the glitz, because a dilapidated shack in San Francisco was our most popular “house” of the week.

Why is there so much interest in a likely tear-down? When that shack is selling for over $450 per square foot, it’s indicative of larger market trends (and stereotypes) about the overheated real estate market in the San Francisco Bay Area.

Aside from this hovel, there were a few opulent homes at the top of our list this week:

After half a decade on the market, the most expensive home in Alabama is going up for auction in October. Interest in the bidding pushed the mansion into our fourth spot.
A $46 million price cut hasn’t dampened interest in the country’s most expensive listing, which finished in third.
A $3.9 million log cabin (of course!) in the wilds of Pennsylvania offers an enticing 742 acres of land. Rural appeal drove the cabin into second place.

 

Whether you prefer a shack or a mansion, there’s a house for you this week. Count down the most popular ones with us…

10. 18263 Keswick Ct, Parker, CO

Price: $549,950

Why it’s here: It was a model for the Horseshoe Ridge community. It’s big, and the shiny dark wood floors are worth a second look.

To read on, click here

Our New Facebook Page

by JoAnn Gadkowski Team

Like Us on our new JoAnn Gadkowski Team Facebook Page!

Click here!

Every Day Downtown Colorado Springs- Wonderful Video about Colorado Springs

by JoAnn Gadkowski Team

Every day, downtown Colorado Springs offers places, faces, culture and fun you won't find anywhere else. Shopping and dining, business, outdoor activities, and the arts all flourish in downtown Colorado Springs.

Happy Autumn!

by JoAnn Gadkowski Team

Happy Autumn from the JoAnn Gadkowski Team

Why Use a Realtor®? 6 Important Reasons (from realtor.com)

by JoAnn Gadkowski Team

Why Use a Realtor®? 6 Important Reasons

Real estate is a big deal. For most Americans, a home is the most expensive purchase they’ll make in their lifetime. It’s a serious transaction with significant financial and emotional ramifications for the parties involved, and having proper representation is critical.

Today’s buyers and sellers agree. In 2012, a full 89 percent of buyers used a real estate agent, and so did 88 percent of sellers.*

Realtor® representation during a real estate transaction is important for both buyers and sellers. Here are six of the chief reasons:

Fiduciary responsibility. When you work with a Realtor®, their fiduciary responsibility is to you. That means you have an expert who is looking out for your best financial interests, an expert who’s contractually bound to do everything in their power to protect you. That’s big — the value of that commitment cannot be overstated. “For more than 100 years, Realtors® have subscribed to the NAR’s strict Code of Ethics as a condition of membership,” says National Association of Realtors® President Gary Thomas. “Realtors® have the expertise and experience to help sellers protect their investment and help buyers build theirs.”

Complex, ever-changing real estate regulations. Buying or selling a home is not like purchasing a plane ticket. Every home is different, and laws change every year and vary from state to state. Generally speaking, people purchase a new home every 7-10 years, and a lot can — and usually does — change between transactions. Realtors® are immersed in real estate, and they must stay current with all the updates in regulations, laws, contracts and practices. Once you retain your Realtor®, they put that knowledge to work for you.

Help finding the right home, beyond square footage and baths. Browsing online is a terrific way to start a home search — in fact, almost 90 percent of people start their home search online*. But when it’s time to buy, knowing all the pros and cons of a property can help you make the right decision. Realtors® live and breathe real estate, and they can share information about a home that you wouldn’t otherwise know. For example, they can tell you about the perils of polybutylene piping (a plumbing material that’s prone to bursting), or the concerns with FRT plywood (a roofing material that can spontaneously combust in higher temperatures, like those in attics). Your Realtor® can go beyond the aesthetics and tell you important details about homes you’re considering.

Pricing and selling a home. There are lots of sites where you can view price estimates for your home before you list it for sale, but you take a risk using them. In some markets, online estimates can be off by as much as 35 percent, and they often rely on tax records and data that can be as old as 6-12 months. Realtors® know the local market, have access to the freshest sale data, and can price your house in line with the market to maximize your earnings. In 2012, sellers using an agent got $40,100 more: The median sale price for the 88 percent of sellers who worked with an agent was $215,000, versus a median sale price of $174,900 for the 9 percent of sellers who didn’t use an agent.*

Contracts and negotiations. Finding the right home is the fun part. Then the real work begins.: Today’s contracts can be 50 pages long — not counting addendums and riders. Realtors® can help you navigate these complex documents and craft an attractive offer that makes sense for you. Plus, when it comes to negotiation, your Realtor® is your advocate and can bring an objective voice to a very subjective situation.

Following a code of ethics. When you work with a Realtor®, you’re partnering with a professional who operates according to a strict code of ethics. In place for over 100 years, the Realtor® Code of Ethics ensures that consumers who work with a Realtor® are treated professionally and ethically in all transaction-related matters.

*National Association of REALTORS® 2012 Survey of Home Buyers and Sellers.

See the Full Article Here

1. They put away their clothes every night.
When you're changing into your pajamas, it might be tempting to just toss your clothes on a chair or even on the floor, but don't fall prey to that lazy trap. It takes a couple of seconds to put them in your laundry hamper or return them to your closet. You'll be thankful that you won't have to spend extra time rounding up stray socks all over your room when it's laundry day. Same could be said when you're trying on an outfit or when you've just finished doing your laundry.

2. They don't own extras.
What are you going to do with a dozen sets of sheets or five cheese graters? If you don't need it: Edit, edit, edit. You'll be saving much more space.

3. They keep a paper trail to a minimum.
It's easy to leave stacks of junk mail, delivery menus, and old newspapers on every surface of your house. Create a good filing system to save the important documents and toss the rest.

4. They wipe down every surface after use.
Let's be real, the less grime build-up, the easier it is to clean. Mildew, grease, and food stains are not a good look for your house.

5. They don't have beds piled up with too much stuff.
Sure, it's nice to have some decorative pillows and throw blankets to maintain a perfectly styled bed, but let's keep it to a minimum. The fewer steps it takes to make your bed every morning, the more likely you'll actually do it.

6. They put their shoes and coats away.
It's common for an entryway to have a shoe pile-up or for coats to be haphazardly placed on the entry bench, but it sure doesn't look tidy. Put your shoes in your closet or place a shoe rack near the door. Make sure to hang your coat as soon as you take it off.

7. They never let dishes pile up.
This one's pretty much a no-brainer, but taking a few minutes to do three or five dishes is way better than doing 15 at the end of the week.

8. They put things back where they came from.
If you do this, you won't have a precarious stack of DVDs, magazines, books, and toys on your coffee table. This habit makes the panic-filled, 5-minute clean-up before guests arrive a little better.

9. They dust and vacuum on the regular.
A few minutes of dusting or vacuuming at least 2-3 times a week will save you from doing a deep clean on the weekend when you could be relaxing.

In hot housing, 6 ways to win a bidding war- from CNBC.com

by JoAnn Gadkowski Team

The housing market is still in the early spring of recovery, but if you're a buyer, you know it's already hot out there.

Very tight supply in markets across the nation is leading to bidding wars. Half the homes sold by real estate brokerage Redfin in the past three months had multiple offers. One-third of all U.S. properties sold in March went at or above asking price, according to the National Association of Realtors. That's hot. So how do you emerge the winner in a bidding battle?

1. Get your financial house in order—and get as much cash as you can carry

Get preapproved for a loan. Now. Today's mortgage market is still relatively tight, and home sellers are leery of loans that might not be set in stone. If you can, bring cash to the table. Sellers are worried about appraisals coming in low and loans not closing, so be ready to cover the difference with cash. Note to Manhattan co-op buyers: Get your references written and ready to go, and have a strong cover letter set.

2. Come in fast and strong

Be the first offer, and don't insult. This is not the time to lowball, not with the lack of listings out there. Nothing turns a seller off more than someone undervaluing their prized possession. Come in either at or just slightly below asking, so they know you're serious.

3. Escalation clause

This is an amount of money the buyer agrees to increase his/her offer, if there are other bids. So let's say the purchase price of the home is $400,000, but you expect it could go as high as $450,000. Put in an escalation clause saying you are willing to go as high as $460,000 (if you are). Make sure, however, that the clause also says the seller can only take the winning bid up to a level just above competing offers. In other words, if your competitors only go as high as $430,000, the seller can't expect you to pay $460,000, only, say, $431,000.

4. Preinspection

Yes, this will cost you a few hundred dollars that may not come back to you, but yes, it can help in a supertight market. Ask to do a preinspection before submitting an offer.

5. Show the love

If you love, love, love the house, then let the seller know that, either directly or through your real estate agent. Don't be afraid to write a letter, send a picture of your kids and be specific.

6. Be smart, not sappy

Buying a home is one of the most emotional things you will ever do. That said, keep it to yourself. Make sure you've fully researched the market: Look at the most recent comparable sales ("comps") and compare prices to a year ago, visit the local school, have coffee at the closest Starbucks and chat with the neighbors. See if there is a local listing service and scroll through recent posts. Then don't let your emotions steal your wallet. Don't overpay because you get all wrapped up in the heat of the competition. 

Read the full article here

the HOME-BUYING PROCESS in PLAIN ENGLISH with ELIZABETH BANKS

Episode 5 :Closing the Sale! Finale!

REALLY FUN VIDEOs ABOUT BUYING YOUR FIRST HOME  PRODUCED AND PRESENTED BY REALTOR.COM.

ALWAYS MAKE SURE YOU ARE WORKING WITH A MEMBER OF THE NATIONAL ASSOCIATION OF REALTORS! LIKE ANY OF US ON THE JOANN GADKOWSKI TEAM!

We LOVE WHERE WE LIVE and we want to celebrate your first home purchase. Learn more about us and why we are the best choice for your Colorado Real Estate needs! Click here.

 

realtor.com® presents the HOME-BUYING PROCESS in PLAIN ENGLISH with ELIZABETH BANKS

See all episodes at Realtor.com -Click Here 

Displaying blog entries 1-10 of 26

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JoAnn Gadkowski Team
Berkshire Hathaway HomeServices Rocky Mountain Realtors
660 Southpointe #200
Colorado Springs CO 80906
719-339-8909

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